Vanguard Group Inc. Acquires 80,123 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Vanguard Group Inc. raised its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,744,668 shares of the transportation company’s stock after purchasing an additional 80,123 shares during the period. Vanguard Group Inc. owned 9.43% of J.B. Hunt Transport Services worth $1,946,400,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in JBHT. VisionPoint Advisory Group LLC grew its holdings in shares of J.B. Hunt Transport Services by 104.8% during the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after buying an additional 87 shares during the last quarter. Operose Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services during the third quarter valued at approximately $34,000. Neo Ivy Capital Management purchased a new stake in shares of J.B. Hunt Transport Services during the fourth quarter valued at approximately $49,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of J.B. Hunt Transport Services by 505.9% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock valued at $58,000 after buying an additional 258 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of J.B. Hunt Transport Services by 26.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock valued at $60,000 after buying an additional 62 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

Insider Activity

In related news, CEO John N. Roberts purchased 6,200 shares of J.B. Hunt Transport Services stock in a transaction on Friday, April 26th. The shares were bought at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the acquisition, the chief executive officer now owns 313,955 shares in the company, valued at approximately $50,565,592.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

JBHT has been the topic of a number of recent analyst reports. Susquehanna cut their price target on shares of J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, April 17th. Loop Capital dropped their target price on shares of J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. StockNews.com upgraded shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Stephens dropped their target price on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. Finally, Evercore ISI dropped their target price on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.76.

J.B. Hunt Transport Services Stock Down 1.5 %

Shares of JBHT stock opened at $155.60 on Wednesday. The company has a market capitalization of $16.06 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 1.79 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51. The company’s fifty day moving average price is $165.83 and its 200-day moving average price is $188.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.31). The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.12 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.48 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.72 annualized dividend and a dividend yield of 1.11%. J.B. Hunt Transport Services’s payout ratio is 27.30%.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.